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2014 Utah Code
Title 31A - Insurance Code
Chapter 16 - Insurance Holding Companies
Section 101 - Scope and purpose of chapter.

Universal Citation:
UT Code ยง 31A-16-101 (2014)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
31A-16-101. Scope and purpose of chapter.
(1) This chapter applies to all persons doing an insurance business in Utah.
(2) The purposes of this chapter include:
(a) exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed;
(b) providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers;
(c) controlling the payment of dividends that might affect the solidity of insurers; and
(d) providing, in appropriate cases, recoupment of dividends paid.


Enacted by Chapter 242, 1985 General Session
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